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Bindaree Beef confirmed that its proposed $140 million investment from China's Delisi Group was not executed after deadlines passed, and it has reopened talks with other potential investors. Australian processors are reporting heavy losses as the national herd hits 20-year lows.
Processor losses and a shrinking herd point to tighter cattle supplies and continued pressure on packer margins, with little immediate effect on feed demand.
beefcentral.comJon CondonNov 22, 2016Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
